Pegasus Capital Gain

product description

This procedure is structured so that communication with the Banking Information System always takes place through interface modules, in order to avoid any need of data or processes duplication within the different procedure divisions.

The daily processing of data allows to always obtain an updated tax status and to accurately elaborate queries on average tax price composition.

The cardinal points the procedure is founded upon are as follows:

  • Unified management of Client's tax status (at taxpayer number level);

  • Introduction of three different tax regimes (administrative, managed, ordinary or declaratory);

  • Management of tax options chosen by the Client;

  • Management of transaction from one tax regime to another;

  • Establishment of prices of reference for Capital gain/loss calculation;

  • Certification of Capital gains/losses in case of account's tranfer or closing;

  • Management of investor's capital loss consolidated with other Institutes;

  • Differentiated tax handling for qualified holding;

  • Taxation management on ETF ;

  • Monitoring of foreign exchange accounts for submission of currency sales to  ordinary regime;

  • Management of price adjustments following operations on capital

  • Capital gain calculation on quoted and unquoted derivatives

 

 

 

 

tax situation

The tax situation is summarized by tax account which can include in itself various securities dossiers, whose results offset one another in order to determine only one taxation for each taxpayer number.

It is kept track  of every single movement and to its related impact  on client's Capital gain/loss.

Numerous functions of inquiry and reporting are present to query and manage a client's  tax position:

  • Tax account management           

  • Tax account movements

  • Foreign exhange accounts management

  • Reports on average values    

  • Tax status reporting of administrative, ordinary and Management of Customers' Securities Portfolio regimes

  • Simulation of Capital Gain/Loss performance

  • Detailed Capital Gain/Loss 

  • Tax charges details   

  • Summary of Capital Gain/Loss of Management of customers' securities portfolio   

  • Summary reporting of tax accounts                                 

  • Simulation reporting of Capital Gain/Loss to be recorded

periodic processing

Within this product special data extractors have been created in order to comply to regulations concerning notifications as well as taxation obligations and clients information notes.

  • Submission of income tax returns 

  • Certification of Capital revenues on ETF

  • Tax charges for administrated regimes              

  • Withholding calculation of Management of customers' securities portfolio interests on equities higher than 5%

  • Tax charges on managed regime

  • Reports on Capital Gain due

  • Generation of tax statement of account